WASHINGTON (Reuters) - The Senate on Thursday approved new curbs aimed at preventing lawmakers from trading shares based on inside information, but also extended the bill#39;s disclosure requirements to more than 300,000 other federal employees. The Senate voted 96-3 to pass the Stop Trading on Congressional Knowledge (STOCK) Act, which would require members of Congress to file electronic ...
Senate Democratic leaders do not plan to propose a budget this year, Senate Majority Leader Harry Reid told reporters Friday, saying that they had already done so with the debt-ceiling agreement.
The U.S. Senate has passed a bill that would ban insider trading by lawmakers and those in the White House (as requested by President Barack Obama), and now it#39;ll go to the House of Representatives, which is reportedly quot;wasting no timequot; in addressing it. After a bit of initial resistance in both chambers of Congress, it looks like Republicans and Democrats have come around to the notion that ...
The bill makes clear it#39;s illegal for lawmakers, their staffs and many executive-branch employees to trade stocks based on inside information learned on the job.
Aiming to restore voters#39; faith in Congress, the Senate overwhelmingly approved a bill Thursday that makes clear it#39;s illegal for members of Congress, their staffs and many executive-branch employees to trade stocks and other securities based on inside information learned on the job.